TAXATION MASTER CLASS (MANDATORY TRAINING)

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)

TAXATION MASTER CLASS (MANDATORY TRAINING)
Theme: Harnessing Synergies for Efficiency in Tax Compliance
DATE: 6TH TO 10TH MARCH 2023
VENUE: LAKE NAIVASHA RESORT, NAIVASHA
This is one of the mandatory trainings for Practicing Certificate consideration

OVERVIEW

As taxation remains the key source of revenue for the government of Kenya, sound tax management is essential for the government to provide public services to its citizenry. Over the last decade tax performance in Kenya has significantly improved in nominal terms averaging about 17% of the size of the economy.  According to the Budget Policy Statement 2023, the Kenyan government targets to grow tax revenues above 17.8% of GDP in the FY 2023/24 and above 18.0 % of GDP over the medium term.

World over, design and performance of the tax system has implications for inequality and as such it is the role of the government to ensure that it pursues a fair tax system for equitable distribution of income and welfare of the citizens. It is also the role of all other stakeholders – as far as tax collection and management is concerned to do all within their legal powers to ensure there is little or no burden in tax compliance.

Due to its importance, tax policy debates and decision making becomes a critical issue to the public, to businesses and the economy at large owing to the varied impact that it will have on each of these entities. In view of this observation, this conference will provide opportunity for all key tax stakeholders to discuss salient issues pertinent to tax compliance in national tax management.

TOPICS

The Master Class will focus on:

Thematic Area: Fiscal Outlook and Overview

1. Tax Environment Outlook: Focus on 2023
2. Recent Amendments to Tax Laws and Implications to Businesses
3. Taxpayers’ Rights and Obligations (Taxpayers’ Charter)
4. Development of Income Tax (Financial Derivatives) Regulations, 2022
5. Expanding the Tax Base: Focus on the Hard-to-tax sectors

Thematic Area: Sectoral Analysis

6. Taxation for the Financial Services Sector: Banking, Insurance, SACCOs, Pension among others
7. Taxation of Charitable and Not for Profit Organizations in Kenya

Thematic Area: Tax Practice

8. Tax Planning and Tax Risk Management –The balance between anti- avoidance provisions and tax planning.
9. Tax Policies and Strategies for Compliance
10. Employee Taxation and Compliance Strategies
11. Interest Deduction Restriction (Previously Thin Capitalization)
12. Tax Dispute Resolution: Assessing milestones and progress made in Kenya

Thematic Area: International Taxation

13. Transfer Pricing: Recent Global Developments
14. Country-by-Country (CbC) Reporting
15. Customs – role of economic integration in international trade facilitation.

Thematic Area: Personal Development

16. Personal Excellence

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS
Members of ICPAK and those from reciprocating professional bodies will earn 20 CPD units upon successfully attending all training sessions.

FINANCIAL INVESTMENT

The Masterclass charges are Kshs. 80,000 for both members and non-members. The charge is exclusive of transport and accommodation. Delegates are required to cater for their transport and accommodation requirements.

TARGET AUDIENCE:

This training is one of the mandatory trainings for Practicing Certificate consideration. It is also open to all Tax Professionals, Audit Practitioners, Senior Management, CEOs and Boards.

All members who would wish to practice in the future are also encouraged to enroll for the course as it provides practical skills required for effective performance in taxation and tax advisory services.

NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).

PARTNERSHIP OPPORTUNITIES
The training presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. For more information or inquiries please email raphael.nguli@icpak.com.

For further inquiries, kindly contact us at memberservices@icpak.com Reach us on call: +254 719 074000/129

We encourage members to regularly visit our website www.icpak.com for updates